I.grunwerg Limited

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i.grunwerg limited Company Information

Live

MatureMidHealthy

Company Number

00541251

Website

https://www.grunwerg.co.uk

Registered Address

silversteel manor carrwood road, chesterfield, S41 9QB

Industry

Wholesale of household goods (other than musical instruments) n.e.c.

Telephone

441142756700

Next Accounts Due

January 2025

Group Structure

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Directors

Benjamin Grunwerg2 Years

Adam Grunwerg2 Years

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Shareholders

adam robert grunwerg 33.3%

benjamin james grunwerg 33.3%

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i.grunwerg limited Estimated Valuation

£16.1m

Pomanda estimates the enterprise value of I.GRUNWERG LIMITED at £16.1m based on Net Assets of £8.4m and 1.93x industry multiple (adjusted for liquidity).

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I.grunwerg Limited is a live company located in chesterfield, S41 9QB with a Companies House number of 00541251. It operates in the wholesale of household goods (other than musical instruments) n.e.c. sector, SIC Code 46499. Founded in November 1954, it's largest shareholder is adam robert grunwerg with a 33.3% stake. I.grunwerg Limited is a mature, mid sized company, Pomanda has estimated its turnover at £10.4m with healthy growth in recent years.

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Pomanda's financial health check has awarded I.Grunwerg Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

6 Strong

1 Regular

5 Weak

Size

annual sales of £10.4m, make it smaller than the average company (£21.2m)

Growth

3 year (CAGR) sales growth of 13%, show it is growing at a faster rate (5.2%)

EXPORT

I.Grunwerg Limited's latest turnover from April 2023 is £10.4 million and the company has net assets of £8.4 million. According to their latest financial statements, I.Grunwerg Limited has 47 employees and maintains cash reserves of £453.5 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Turnover	10,396,717	11,281,783	10,464,003	7,112,224	8,312,008	8,904,235	9,066,530	9,761,455	11,043,730	9,448,191	9,096,080	9,381,938	8,740,837	9,107,815
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	5,406,686	4,411,223	4,385,361	3,729,024	4,564,700	5,125,510	4,855,390	5,082,133	5,868,110	6,618,522	6,306,069	6,531,241	6,017,781	6,102,469
Gross Profit	4,990,031	6,870,560	6,078,642	3,383,200	3,747,308	3,778,725	4,211,140	4,679,322	5,175,620	2,829,669	2,790,011	2,850,697	2,723,056	3,005,346
Admin Expenses	3,558,474	4,030,301	3,209,928	1,473,455	3,509,997	3,766,618	920,295	4,352,328	3,686,868	2,359,121	2,244,934	2,881,585	2,516,032	4,679,598
Operating Profit	1,431,557	2,840,259	2,868,714	1,909,745	237,311	12,107	3,290,845	326,994	1,488,752	470,548	545,077	-30,888	207,024	-1,674,252
Interest Payable	195,038	3,040	33,887	99,301	128,423	9,925	0	0	23	1,212	2,388	223	545	303
Interest Receivable	583	252	975	5,025	9,891	3,225	124	0	3,223	0	0	0	220	0
Pre-Tax Profit	1,237,102	2,837,471	2,835,802	1,815,469	118,779	5,407	3,290,969	326,994	1,491,952	469,336	542,689	-31,111	206,699	-1,229,724
Tax	-225,181	-555,496	-547,156	-167,300	-21,478	-44,501	-80,050	-68,146	-308,602	-103,624	-1,690	0	19,708	15,242
Profit After Tax	1,011,921	2,281,975	2,288,646	1,648,169	97,301	-39,094	3,210,919	258,848	1,183,350	365,712	540,999	-31,111	226,407	-1,214,482
Dividends Paid	49,712	0	0	0	0	0	0	0	0	225,050	0	0	0	1,687,452
Retained Profit	962,209	2,281,975	2,288,646	1,648,169	97,301	-39,094	3,210,919	258,848	1,183,350	140,662	540,999	-31,111	226,407	-2,901,934
Employee Costs	1,542,014	1,732,756	1,586,414	1,998,017	1,990,750	1,978,502	2,256,250	2,629,152	2,140,567	1,488,545	1,580,071	1,415,987	1,349,061	3,342,191
Number Of Employees	47	46	47	54	53	51	54	54	52	52	48	48	47	48
EBITDA*	1,636,938	3,047,577	3,066,689	2,115,184	355,018	141,366	3,436,570	449,465	1,584,757	545,630	620,631	34,870	269,714	-1,603,853

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Tangible Assets	833,475	817,625	907,435	951,324	1,764,526	1,236,125	1,362,846	1,712,682	1,713,109	1,639,589	1,627,638	1,595,705	1,593,246	1,639,306
Intangible Assets	64,512	62,770	36,113	0	14,372	14,484	14,596	14,708	14,820	14,932	15,044	15,156	15,268	15,380
Investments & Other	0	0	0	32,641	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	897,987	880,395	943,548	983,965	1,778,898	1,250,609	1,377,442	1,727,390	1,727,929	1,654,521	1,642,682	1,610,861	1,608,514	1,654,686
Stock & work in progress	11,165,253	7,877,149	6,347,327	6,682,120	6,500,532	7,029,846	7,495,353	6,519,374	5,362,498	5,698,180	5,809,681	6,275,363	6,485,687	6,722,446
Trade Debtors	1,387,610	1,237,401	1,667,968	1,232,548	1,633,077	1,388,378	1,389,807	1,337,741	1,553,682	1,444,558	1,456,162	1,359,522	1,237,837	1,211,092
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	278,360	198,573	274,309	296,185	671,179	142,086	107,190	106,916	123,196	88,559	94,994	67,897	101,854	125,781
Cash	453,496	3,951,435	2,448,729	1,138,466	2,575	390,134	4,084,502	1,036,582	2,006,747	826,498	411,717	3,008	193,522	748,909
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	13,284,719	13,264,558	10,738,333	9,349,319	8,807,363	8,950,444	13,076,852	9,000,613	9,046,123	8,057,795	7,772,554	7,705,790	8,018,900	8,808,228
total assets	14,182,706	14,144,953	11,681,881	10,333,284	10,586,261	10,201,053	14,454,294	10,728,003	10,774,052	9,712,316	9,415,236	9,316,651	9,627,414	10,462,914
Bank overdraft	0	0	0	0	37,818	0	0	0	45,594	0	0	28,338	0	0
Bank loan	1,877,942	0	0	1,449,940	1,388,033	654,481	0	0	0	0	0	0	0	0
Trade Creditors	697,793	568,304	739,561	720,398	625,556	625,870	357,651	340,873	372,017	389,903	341,321	583,726	285,212	452,805
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	384,231	828,877	1,789,997
other short term finances	0	106,147	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	777,842	1,472,278	1,225,628	741,500	658,302	529,886	848,879	344,785	578,444	727,766	619,930	407,370	569,228	502,422
total current liabilities	3,353,577	2,146,729	1,965,189	2,911,838	2,709,709	1,810,237	1,206,530	685,658	996,055	1,117,669	961,251	1,403,665	1,683,317	2,745,224
loans	2,369,013	0	0	0	2,114,275	2,791,840	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	82,840	83,157	83,600	77,000	66,000	0	0	5,500	0	0	0	0	0	0
total long term liabilities	2,451,853	83,157	83,600	77,000	2,180,275	2,791,840	0	5,500	0	0	0	0	0	0
total liabilities	5,805,430	2,229,886	2,048,789	2,988,838	4,889,984	4,602,077	1,206,530	691,158	996,055	1,117,669	961,251	1,403,665	1,683,317	2,745,224
net assets	8,377,276	11,915,067	9,633,092	7,344,446	5,696,277	5,598,976	13,247,764	10,036,845	9,777,997	8,594,647	8,453,985	7,912,986	7,944,097	7,717,690
total shareholders funds	8,377,276	11,915,067	9,633,092	7,344,446	5,696,277	5,598,976	13,247,764	10,036,845	9,777,997	8,594,647	8,453,985	7,912,986	7,944,097	7,717,690

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Operating Activities
Operating Profit	1,431,557	2,840,259	2,868,714	1,909,745	237,311	12,107	3,290,845	326,994	1,488,752	470,548	545,077	-30,888	207,024	-1,674,252
Depreciation	202,064	183,954	181,139	191,067	117,595	129,147	145,613	122,359	95,893	74,970	75,442	65,646	62,578	70,287
Amortisation	3,317	23,364	16,836	14,372	112	112	112	112	112	112	112	112	112	112
Tax	-225,181	-555,496	-547,156	-167,300	-21,478	-44,501	-80,050	-68,146	-308,602	-103,624	-1,690	0	19,708	15,242
Stock	3,288,104	1,529,822	-334,793	181,588	-529,314	-465,507	975,979	1,156,876	-335,682	-111,501	-465,682	-210,324	-236,759	6,722,446
Debtors	229,996	-506,303	413,544	-775,523	773,792	33,467	52,340	-232,221	143,761	-18,039	123,737	87,728	2,818	1,336,873
Creditors	129,489	-171,257	19,163	94,842	-314	268,219	16,778	-31,144	-17,886	48,582	-242,405	298,514	-167,593	452,805
Accruals and Deferred Income	-694,436	246,650	484,128	83,198	128,416	-318,993	504,094	-233,659	-149,322	107,836	212,560	-161,858	66,806	502,422
Deferred Taxes & Provisions	-317	-443	6,600	11,000	66,000	0	-5,500	5,500	0	0	0	0	0	0
Cash flow from operations	-2,671,607	1,543,512	2,950,673	2,730,859	283,164	478,131	2,843,573	-802,639	1,300,868	727,964	931,041	294,122	422,576	-8,692,703
Investing Activities
capital expenditure	0	0	0	0	0	-43,317	-179,393	-121,953	-177,159	-102,741	-107,000	-75,588	-17,240	1,997,888
Change in Investments	0	0	-32,641	32,641	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	32,641	-32,641	0	-43,317	-179,393	-121,953	-177,159	-102,741	-107,000	-75,588	-17,240	1,997,888
Financing Activities
Bank loans	1,877,942	0	-1,449,940	61,907	733,552	654,481	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	-384,231	-444,646	-961,120	1,789,997
Other Short Term Loans	-106,147	106,147	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	2,369,013	0	0	-2,114,275	-677,565	2,791,840	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	-4,500,000	0	0	0	0	-7,609,694	0	0	0	0	0	0	0	10,619,624
interest	-194,455	-2,788	-32,912	-94,276	-118,532	-6,700	124	0	3,200	-1,212	-2,388	-223	-325	-303
cash flow from financing	-553,647	103,359	-1,482,852	-2,146,644	-62,545	-4,170,073	124	0	3,200	-1,212	-386,619	-444,869	-961,445	12,409,318
cash and cash equivalents
cash	-3,497,939	1,502,706	1,310,263	1,135,891	-387,559	-3,694,368	3,047,920	-970,165	1,180,249	414,781	408,709	-190,514	-555,387	748,909
overdraft	0	0	0	-37,818	37,818	0	0	-45,594	45,594	0	-28,338	28,338	0	0
change in cash	-3,497,939	1,502,706	1,310,263	1,173,709	-425,377	-3,694,368	3,047,920	-924,571	1,134,655	414,781	437,047	-218,852	-555,387	748,909

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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I.GRUNWERG LIMITED group structure

I.Grunwerg Limited has 2 subsidiary companies.

Ultimate parent company

I.GRUNWERG LIMITED

00541251

2 subsidiaries

KNIVES FROM JAPAN LTD

10529513

IGL COMMERCE LTD

13545723

I.GRUNWERG LIMITED Shareholders

adam robert grunwerg	33.27%
benjamin james grunwerg	33.27%
anna elizabeth grunwerg	33.27%
thomas basford	0.09%
alex beattie	0.09%

I.Grunwerg Limited currently has 5 directors. The longest serving directors include Mr Benjamin Grunwerg (Aug 2021) and Mr Adam Grunwerg (Sep 2021).

officer	country	age	start	end	role
Mr Benjamin Grunwerg	England	37 years	Aug 2021	-	Director
Mr Adam Grunwerg	England	35 years	Sep 2021	-	Director
Miss Anna Grunwerg	England	32 years	Apr 2022	-	Director
Mr Alexander Beattie	England	37 years	Apr 2022	-	Director
Mr Thomas Basford	England	45 years	Apr 2022	-	Director

P&L

April 2023

turnover

10.4m

-8%

operating profit

1.4m

-50%

gross margin

48%

-21.19%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

April 2023

net assets

8.4m

-0.3%

total assets

14.2m

cash

453.5k

-0.89%

net assets

Total assets minus all liabilities

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company number

00541251

Type

Private limited with Share Capital

industry

46499 - Wholesale of household goods (other than musical instruments) n.e.c.

incorporation date

November 1954

age

accounts

Group

ultimate parent company

None

previous names

N/A

incorporated

address

silversteel manor carrwood road, chesterfield, S41 9QB

last accounts submitted

April 2023

A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.

We did not find charges/mortgages relating to i.grunwerg limited.

i.grunwerg limited Company Information

i.grunwerg limited Estimated Valuation

i.grunwerg limited Estimated Valuation

i.grunwerg limited Estimated Valuation

I.grunwerg Limited Overview

I.grunwerg Limited Health Check

I.GRUNWERG LIMITED financials

i.grunwerg limited Credit Report and Business Information

I.grunwerg Limited Competitor Analysis

i.grunwerg limited Ownership

i.grunwerg limited directors

i.grunwerg limited company details

i.grunwerg limited Charges & Mortgages

i.grunwerg limited Companies House Filings - See Documents